Press release
PRICE RELEASE Singapore, March 2022 –AlchemyPay (ACH) is a fiat-crypto provider of payment solutions and GrePay, a global acquirer and payments supplier, has announced its partnership. Grepay’s local payment channels process more than 200k transactions each day. Alchemy Pay plans to use these payment channels to link crypto service providers with their key global markets, such as the United Arab Emirates and Mexico.
Alchemy Pay and GrePay will be able to accept cryptocurrency payments as part of this partnership. The partnership includes Binance Pay as well as on-chain transactions to popular mainstream cryptos. As a result, Grepay’s merchants will all now have the option to accept cryptocurrency payments.
Alchemy Pay’s hybrid crypto-fiat payment system allows merchant partners to accept popular cryptocurrencies for instant offline and online payments at a low cost and the system is currently supported in more than 70 countries and reaches more than 2 million merchants.
One of GrePay’s payment channels that Alchemy Pay will first integrate is Payby, a leading United Arab Emirates mobile payment provider. Alchemy Pay will enable crypto service providers such as crypto exchanges to accept Payby and have access to users in the UAE – a key market where demand for cryptocurrency services have risen rapidly amid the nation’s move towards creating a cryptocurrency hub.
Grepay is a cross-border payment platform that provides convenient, secure local payment services and licensing to suit the region. Grepay supports over 30+ payment currencies and is actively involved in developing markets.
The GrePay partnership comes on the back of Alchemy Pay’s recent partnerships with Paytend and NIUM. These partners have considerably increased Alchemy Pay’s capabilities, not only in global coverage and licensing, but also in reduced transaction and operating costs. A recent result of the improved services is MEXC exchange’s integration of Alchemy Pay’s fiat payment rails that enable their users in key new Asian markets to deposit and withdraw fiat currency.
John Tan, CEO of Alchemy Pay, said of today’s announcement, “GrePay expands our global coverage in terms of what we can offer our crypto service partners as well as the crypto payment acceptance that we can offer merchants. The goal, ultimately, is the promotion of easy adoption and use of crypto for the consumer.”
Alchemy pays
Alchemy Pay was founded in Singapore in 2018 and connects crypto and fiat economies to global businesses and consumers. Online and offline merchants can accept fiat as well as cryptocurrency. It also makes it easy for mainstream users to use crypto services. Alchemy Pay supports over 70 countries and 300 payment channels. Through partnerships with industry leaders like Binance, Shopify or QFPay, more than 2,000,000 merchants have access to Alchemy Pay. Alchemy Pay’s token, ACH, runs on the Ethereum blockchain.
Website：alchemypay.org
Twitter：twitter.com/alchemypay
Telegram：/t.me/alchemy_official
GrePay
GrePay was created in 2018 in order to assist Chinese merchants going overseas. The API is safe, compliant, developer-friendly and allows for the integration of localised payments across the globe. This helps to address traditional cross-border business development issues and provides easy, convenient payment options for projects overseas.
Website: grepayment.com
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